Forex

EUR/USD may rise 10 - 45 pips

2024-08-29

Pivot

1.1050

Our preference

Long positions above 1.1050 with targets at 1.1105 & 1.1140 in extension.

Alternative scenario

Below 1.1050 look for further downside with 1.1020 & 1.1000 as targets.

Comment

The RSI has broken up its 30 level.

Supports and resistances

1.1190

1.1140

1.1105

1.1095 Last

1.1050

1.1020

1.1000

Number of asterisks represents the strength of support and resistance levels.

This is not investment advice. Past performance does not represent future performance. Your funds are at risk, please trade with caution and responsibility.


Author:

Paul Reid
Tradingtop

Introduction to Tradingtop Site


Return to All Articles